According to CFPB data analyzed by AARP, reverse mortgages are far down the list when looking at the sources of financial “pain points” for seniors.
AARP
The HUD Secretary and the AARP CEO sit down for a conversation specifically about seniors, talking about why aging in place is an increasingly attractive option but without mentioning reverse mortgages.
An article in the New York Times details how American seniors, nonprofit organizations and even retailers are taking further action to facilitate the safe aging in place of the older population.
American research think tank the Brookings Institution hosted an event in Washington, D.C. Monday morning that included a wide-ranging panel discussion of reverse mortgages in America and across the world. The event also included the presentation of two research papers, diagnosing issues and prescribing potential solutions for headwinds faced by reverse mortgage products in the […]
This year, the Social Security program will be seeing its largest cost of living adjustment (COLA) in seven years, with beneficiaries receiving an additional 2.8 percent to their benefit payout. The result of the COLA for the average individual retired Social Security beneficiary is expected to be a monthly benefit jump from $1,422 to $1,461, […]
More financial attention is given to paying off significant outstanding debt when compared with saving for retirement among Americans aged 40-59. This is according to the results of a survey jointly conducted by the AARP and the Ad Council, the results of which have been released as a part of a new campaign aimed to […]
Many homeowners share the same dream of settling into the golden years while remaining in their own homes for as long as possible. Some may choose to downsize to a smaller home or even take out a reverse mortgage to make home modifications that enable an easier retirement. However, aging in place while living in […]
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